Raimondo’s Debt and the Strong Economy

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In early July, we reported that the first RhodeWorks tolls were performing as projected, which the state Department of Transportation (RIDOT) promoted as a positive sign.  However, this may be another area in which Democrat Governor Gina Raimondo is indebted to Republican President Donald Trump:

The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across all modes of transportation. Freight shipment volume (not pricing… we’ll get to pricing in a moment) by truck, rail, air, and barge, according to the Cass Freight Index jumped 10.6% in July compared to a year earlier. This pushed the index, which is not seasonally adjusted, to its highest level for July since 2007.

The dynamics in the transportation sector are “clearly signaling that the US economy, at least for now, is ignoring all of the angst coming out of Washington D.C. about the trade wars,” the report by Cass said.

Things are just easier when the economy is strong… even bad government.

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